Gross savings in Panama
Panama: Gross savings was 34.9% in 2024. ▲ Rising
Gross savings in Panama, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Panama stood at 34.9%.
That represents a change of down 5.5% on the previous year and up 5.9% over ten years.
Over the whole period, gross savings in Panama peaked at 36.9% in 2023 and was at its lowest, 2.4%, in 1989.
Panama ranks 27th of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Gross savings in Panama, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1977 | 27.7% | — |
| 1978 | 29.8% | +7.7% |
| 1979 | 27.0% | -9.3% |
| 1980 | 24.9% | -7.9% |
| 1981 | 20.9% | -16.0% |
| 1982 | 29.7% | +41.7% |
| 1983 | 25.4% | -14.3% |
| 1984 | 13.1% | -48.3% |
| 1985 | 16.0% | +21.5% |
| 1986 | 15.4% | -3.5% |
| 1987 | 22.7% | +47.2% |
| 1988 | 16.1% | -28.8% |
| 1989 | 2.4% | -84.8% |
| 1990 | 16.5% | +574.5% |
| 1991 | 12.6% | -23.9% |
| 1992 | 18.0% | +43.3% |
| 1993 | 20.5% | +14.0% |
| 1994 | 23.6% | +14.9% |
| 1995 | 23.5% | -0.4% |
| 1996 | 27.5% | +17.0% |
| 1997 | 28.8% | +4.9% |
| 1998 | 23.5% | -18.4% |
| 1999 | 21.9% | -6.8% |
| 2000 | 25.1% | +14.5% |
| 2001 | 22.3% | -11.2% |
| 2002 | 21.1% | -5.5% |
| 2003 | 21.5% | +2.3% |
| 2004 | 19.5% | -9.5% |
| 2005 | 20.1% | +3.3% |
| 2006 | 21.6% | +7.0% |
| 2007 | 29.5% | +37.0% |
| 2008 | 31.5% | +6.5% |
| 2009 | 30.6% | -2.8% |
| 2010 | 26.8% | -12.3% |
| 2011 | 31.6% | +17.9% |
| 2012 | 34.3% | +8.4% |
| 2013 | 35.2% | +2.8% |
| 2014 | 32.9% | -6.5% |
| 2015 | 36.3% | +10.3% |
| 2016 | 34.6% | -4.6% |
| 2017 | 36.4% | +5.1% |
| 2018 | 34.3% | -5.9% |
| 2019 | 33.7% | -1.7% |
| 2020 | 25.4% | -24.4% |
| 2021 | 30.5% | +20.0% |
| 2022 | 35.9% | +17.4% |
| 2023 | 36.9% | +2.9% |
| 2024 | 34.9% | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.2% | 27.0% | 29.8% | 3 |
| 1980s | 18.7% | 2.4% | 29.7% | 10 |
| 1990s | 21.6% | 12.6% | 28.8% | 10 |
| 2000s | 24.3% | 19.5% | 31.5% | 10 |
| 2010s | 33.6% | 26.8% | 36.4% | 10 |
| 2020s | 32.7% | 25.4% | 36.9% | 5 |
Countries ranked near Panama
- 24 Nepal 35.5% compare
- 25 India 35.1% compare
- 26 South Korea 35.0% compare
- 28 Mauritania 34.8% compare
- 29 Denmark 34.3% compare
- 30 Papua New Guinea 33.6% compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7002 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 13,857 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.7002 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 13,857 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.43 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6362 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Panama?
- Gross savings in Panama was 34.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Panama?
- The highest recorded value was 36.9% in 2023.
- What is the lowest gross savings recorded in Panama?
- The lowest recorded value was 2.4% in 1989.
- How does Panama rank for gross savings?
- Panama ranks 27th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Panama?
- Over the last ten years it is up 5.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.